Safran to merge with Zodiac Aerospace in a $10.6B takeover

    Members' News  | 

    Safran, an international high-technology group, and Zodiac Aerospacea global leader in Aerosafety, Aircraft systems, Seats and Cabins, announced that they have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47 per share and a subsequent merger on the basis of 0.485 Safran shares for one Zodiac Aerospace share. Prior to and conditional upon the merger, Safran would distribute a special dividend of €5.50 per share to its existing shareholders. The merger is valued at €10 billion ($10.6 billion).

    The transaction would create a global leader in aircraft equipment, allying the market leading positions, expertise, technologies and talents of both Safran and Zodiac Aerospace. The new entity would combine Safran's capabilities in landing gear, wheels and brakes, nacelles, power systems, actuation and avionics, with Zodiac Aerospace's leading positions in seats, cabin interiors, power distribution, lighting, fuel, oxygen and fluid systems and safety equipment.

    In electrical systems, Zodiac Aerospace's assets would reinforce Safran's portfolio of technologies and position the group ideally for future developments towards the "more electrical aircraft".

    On a pro forma basis, including Safran's world leading propulsion business, the combined group would have around 92,000 employees (of which more than 45,000 in France), €21.2 billion ($22.5 billion) in adjusted revenues and €2.7 billion ($2.8 billion) in adjusted recurring operating income. On this basis the combined group would form the third largest player worldwide in the aerospace sector. The combined group would become the second largest player worldwide in aircraft equipment with pro forma revenues in these businesses of €10 billion ($10.6 billion). It would be present in over 60 countries.

    Source: aerotime.aero

    ParisSydney
    1 EUR1.48 AUD

    Calendar

    Our Patron Members

      • AFP
      • Accor
      • Air Liquide
      • AirFrance
      • Airbus
      • Alstom
      • Anl
      • Atlas
      • BNP Paribas
      • Bollore Logistics
      • Bouygues Construction
      • Bureau Veritas
      • Capgemini Australia
      • Corporate Traveller
      • Credit agricole
      • Deloitte
      • EV LNG
      • Engie
      • Ernst and Young
      • Etihad
      • Eurofins
      • Europcar
      • GEODIS
      • GHD
      • HSBC
      • Havas
      • Investment Attraction South Australia
      • KPMG
      • Keolis Downer
      • Liberty Executive Offices
      • Loreal
      • Maddocks
      • Mazars
      • Michelin
      • Naval Group
      • PIch and Partners
      • Pernaud Ricard
      • Pierre Fabre
      • Powerfulpoints
      • PwC
      • Ramsay
      • Randstad
      • Renault
      • SEB
      • SOS International
      • Safran
      • Schneider
      • Sonepar
      • St Gobain
      • Suez
      • Tarkett
      • Technip
      • Thales
      • Total
      • Transdev
      • Veolia
      • World Wide Printing Solutions

    Contact us

     

    Sydney (NSW Chapter)
    Level 26, 31 Market Street, Sydney NSW 2000
    T (+61 2) 9099 1320 | 
    nsw@facci.com.au

    Melbourne (VIC Chapter)
    Level 5, 121 Exhibition Street, Melbourne VIC 3000
    T (+61 3) 9027 5646
     vic@facci.com.au

    Brisbane (QLD Chapter)
    Central Plaza Two, level 18, 66 Eagle Street, Brisbane QLD 4000
    T (+61 7) 3076 1512 l qld@facci.com.au

    Perth (WA Chapter)
    Level 14, 197 St George Terrace, Perth WA 6000
    T (+61 8) 6141 3384 | wa@facci.com.au


    Adelaide (SA Chapter)
    c/o Agence Consulaire de France d’Adelaide
    429 Gilles Street, 
    Adelaide SA 5000 
    T (+61 2) 9099 1320 sa@facci.com.au 
    (Monday and Wednesday from 9 am to 3 pm)

    Trade Services
    T (+61 3) 9027 5644
     trade@facci.com.au

     

     

    © 2017 FRENCH AUSTRALIAN CHAMBER OF COMMERCE